NEW YORK--(BUSINESS WIRE)--Numerix (www.numerix.com),
the leading provider of cross-asset analytics for derivatives valuations
and risk management, announced today that the firm was voted best
overall in Structured
Products Magazine’s Technology Rankings 2013 taking the No. 1 spot
across all Pricing and Analytics categories (Commodities, Credit,
Equities, FX, Rates) and received significant recognition for Risk
Management being voted the best solution for Credit and Market Risk.
Garnering 13.6 percent of the overall votes, Numerix maintained its No.
1 position overall.

“Being recognized as the best overall product solution for the second
year running is a significant honor, and a testament to the collective
hard work and ambition of every Numerix employee,” said Steven R.
O’Hanlon, Chief Executive Officer & President of Numerix. “It’s because
of these dedicated individuals that our number of satisfied customers
continues to grow amid evolving market conditions and regulatory
challenges. We are once again infinitely grateful to the customers and
end-users that continually take time out of their day to vote on our
behalf year-over-year.”

According to Editors, key to Numerix’s success was its ability to extend
its analytics software and bring into a single analytics framework where
all asset classes can be structured, measured and managed in a
consistent environment. This includes the calculation of risk factors
and funding costs. O’Hanlon cited, “Institutions are increasingly
looking to design products more holistically – looking at profitability
end-to-end, taking into account everything from counterparty risk to
liquidity risk, model risk and even operational risk across the full
life cycle.” Editors also highlighted Numerix’s success in balancing the
competing demands of flexibility and usability across its product
offering.

In 2012, Numerix continued to extend its analytics software in new and
innovative ways by entering new business verticals and expanding its
asset class coverage. Numerix significantly increased its model coverage
for Inflation and Volatility to further support inflation-related
issuance and volatility dynamics. A new “Life” asset class was also
introduced with the addition of the Lee-Carter Stochastic Mortality
model for dealing with longevity risk and insurance variable annuity
products.

Respondents were asked to nominate the firms that provide the best
product offerings across different markets, such as market risk, credit
risk, pricing and analytics, risk management, and trading systems and
analytics, based on the functionality, usability, performance, return on
investment and reliability provided by technology vendors.

About Numerix

Numerix is the award winning, leading independent analytics institution
providing cross-asset solutions for structuring, pre-trade price
discovery, trade capture, valuation and portfolio management of
derivatives and structured products. Since its inception in 1996, over
700 clients and 75 partners across more than 25 countries have come to
rely on Numerix analytics for speed and accuracy in valuing and managing
the most sophisticated financial instruments. With offices in New York,
London, Paris, Frankfurt, Milan, Stockholm, Tokyo, Hong Kong, Singapore,
Dubai, South Korea, India and Australia, Numerix brings together
unparalleled expertise across all asset classes and engineering
disciplines. For more information please visit www.numerix.com.